Puerto Rico Economic Pulse ©

June 2001: Interface with Technology

Steps in Transforming an Economy to Achieve New Levels of Growth

Much has been said and written in the past few years about the role and importance of science and technology in the economy, and their role in improving the capacity for innovation. In today`s world, the dynamics of the existing changes and requirements is testing the ability of our institutions to innovate, continuously learn, and change productively. The challenge is for Science and Technology to influence the slope of the growth curve of the economy, and improve its competitiveness. We have then knowledge, technology, and learning as keys to economic growth. Investment in these areas plays a major role in increasing standards of living, which is the ultimate goal. In this issue, the first of a two part series, we present our readers with an analysis of what has been done and were we are in Puerto Rico.